Looking to diversify beyond MSTDX? The mutual funds below have historically moved differently from MSTDX, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for MSTDX
9 mutual funds have low correlation with MSTDX (below 0.3), 0 of which are negatively correlated. The least correlated is DFA Two-Year Fixed Income Portfolio (DFCFX) (Short-Term Bond) with a 1Y correlation of 0.11, down from 0.21 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA Two-Year Fixed Income Portfolio | 0.11 | 0.02 | 0.21 | 100 | Short-Term Bond | MSTDX vs DFCFX | |
| GuidePath Absolute Return Allocation Fund | 0.13 | 0.46 | 0.44 | 69 | Short-Term Bond | MSTDX vs GPARX | |
| MassMutual Diversified Value Fund | 0.18 | 0.14 | 0.15 | 91 | Large Cap Value Equities | MSTDX vs MDDAX | |
| Leader Short Term High Yield Bond Fund | 0.19 | 0.19 | 0.25 | 84 | Short-Term Bond | MSTDX vs LCCMX | |
| MassMutual Small Cap Growth Equity Fund | 0.21 | 0.15 | 0.17 | 66 | Small Cap Growth Equities | MSTDX vs MMGEX |
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